Mexican Airline Viva Aerobus Seeks to Raise About $200 Million in IPO

Carrier Expects to Price Up to 113 Million Shares at 21-25 Mexican pesos

By

Amy Guthrie

Feb. 11, 2014 1:07 p.m. ET

MEXICO CITY—Mexican low-cost airline Grupo Viva Aerobus aims to raise some $200 million in an initial public offering of shares in the Mexican market, as local carriers seek capital to widen their presence in a market with potential for expansion.

The no-frills carrier expects to price up to 113 million shares Tuesday at 21 Mexican pesos ($1.58) to 25 pesos each, according to a prospectus filed with the Mexican Stock Exchange. The...